Business intel on PNG to be published

Business, Normal

The National, Tuesday 22nd November 2011

OXFORD Business Group (OBG), the global publishing, research and consultancy firm, will for the first time compile and publish business intelligence on Papua New Guinea.
To oversee the OBG’s forthcoming publication The Report: Papua New Guinea 2012, is the group’s new country director Annie Michailidou.
The OBG said in a statement that the landmark report would offer in-depth analysis of Papua New Guinea’s bid to drive private sector growth, while providing coverage of its traditionally strong mining and timber industries.
It will put the country’s LNG (liquefied natural gas) project and related downstream activities in the spotlight and chart ongoing efforts to develop the non-mining sectors of the economy.
The Report: Papua New Guinea 2012 will contain a detailed, sector-by-sector guide for foreign investors, alongside a wide range of interviews with the most prominent political, economic and business leaders.
It will be produced in partnership with the Investment Promotion Authority (IPA).
Michailidou said she was delighted to be spearheading OBG’s latest project, which marks the next phase in the Group’s expansion across Asia.
 “With projected GDP growth topping 9%, Papua New Guinea is bucking the trend of many world economies,” she said.
“I look forward to our documenting of the government’s efforts to diversify the country’s economy and improve competitiveness in its bid to spread the gains of rapid economic development across the population.”
Michailidou added that with information on Papua New Guinea’s economy sparse, OBG’s launch report would fill an important gap by presenting an in-depth analysis of current macro-economic trends and highlighting the country’s emerging investment opportunities.
IPA’s managing director Ivan Pomaleu agreed that the publication would play a significant role in relaying Papua New Guinea’s economic landscape to a wider audience and providing business leaders with a better understanding of the country’s investment climate.
“Oxford Business Group’s reports are widely recognised as being high-calibre publications with a worldwide circulation among top business leaders,” he said.
“We relish this opportunity to work with the Group as it begins gathering and compiling vital data on Papua New Guinea’s economic development.”
Michailidou moves into her new post following a spell in Mongolia, where she made a valuable contribution to OBG’s latest report on the country’s economy.
She had made key contributions to a number of projects across Asia and Africa, including stints in Kazakhstan, Nigeria, Kenya and Malaysia.